Is Key Largo, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Key Largo is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Key Largo was a Seller's Market.

Key Takeaway

Key Largo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Key Largo, FL cost?

Median Sold Price

$829,000

$600/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$105,500(+14.6%)

Key Takeaway

Homes in Key Largo have sold for 14.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $469.5K$930K
+98.1%
2 $475K$679K
+42.9%
3 $680K$865K
+27.2%
4 $1.3M$1.4M
+3.7%
5+ $1.8M$2.0M
+9.9%

Median Sold Price Compared To Nearby Cities

Key Largo
+14.6%
Upper Keys
+1.8%

How many homes are available in Key Largo, FL?

Number of Homes For Sale

Oct 2022Nov 2022%
6670+6.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 33
0.0%
2 1313
0.0%
3 2930
+3.4%
4 1416
+14.3%
5+ 78
+14.3%

Number of Homes Sold

Oct 2022Nov 2022%
45+25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Key Largo, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
50 Days82 Days+62.3%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Key Largo has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Key Largo, FL

Number of homes for sale in Key Largo, FL real estate market have reached 70. In November 2022 in Key Largo, FL there were 6.1% more homes for sale than in October 2022. The median list price of listings available in November 2022 was $829,000, while the average time on the real estate market was 82 days. This housing market listing prices have changed between October 2022 and November 2022: prices of 1 bedroom properties went up by 98.1%, the cost of 2 bedrooms properties went up by 42.9%, 3 bedrooms properties prices increased by 27.2%, the cost of 4 bedrooms properties went up by 3.7%, the cost of 5 bedrooms properties went up by 9.9%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, number of 2 bedrooms homes remained the same, volume of 3 bedrooms homes went up by 3.4%, number of 4 bedrooms homes increased by 14.3%, the quantity of 5 bedrooms homes went up by 14.3%. Over 0 listings were sold over their listed price in November 2022 in Key Largo, FL. In the same period over 4 listings were sold below the listed price and 1 listings were sold for the listed price.

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